Russian President Vladimir Putin has approved the sale of HSBC's Russian division to Expobank, paving the way for the British bank's complete withdrawal.
Petru Nicolaescu
International
Helen Sessions / Alamy / Alamy / Profimedia
Always see our news on Google
Putin's decision comes as Moscow has imposed increasingly tough restrictions on foreign asset sales, with banks needing its approval for such deals. But approval does not guarantee the deal will succeed, as was the case with another bank that got presidential approval but failed to complete the transaction.
Sources
Latest News
15:42
Protests against a bill by President Javier Milei have intensified in Buenos Aires, causing clashes between protesters and police.
15:33
A shepherd was bitten by a bear in Argeș County while trying to defend his flock of sheep.
15:21
The Competition Council has authorized the acquisition of Engie Building Solutions SRL by Specialized Services Holdings SA
15:15
Fitch has reconfirmed the rating of "BBB-" for Constanța, Bucharest, Oradea, Brașov, and Buzău. The rating is limited by Romania's rating.
15:12
Veterinary doctor from the 'Empire of Dogs' shelter in Suceava has been charged with the illegal killing of 662 dogs, without respecting the law.
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
